1099 help! My name is on the PayPal account, but I don't own the business!
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I got the email asking for the SSN or EIN for our business for the 1099. I opened the account for my parents in 2018 (they are in their 80's). It is my name on the account. I DO NOT receive any payments, the payments go directly to my parents' bank account for their business. I run their business, but I don't receive payment for anything.
I have to change the name? Because when I try to use my dad's SS number, it won't let me change it to his name (since my name is associated with the PayPal account).
If you've had to do a name change before, a driver's license or passport works for the photo ID. What else for a name change? It says a legal document like a marriage license or divorce decree....really? This is my 80-y/o father. Will anything besides a marriage license work? Will the front page of a 1040 tax return work? Anything??
- Labels:
-
Tax Documents
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
A paypal account belongs to the person who's name it is in, if its in your name then its your account.
You can't change the name on a paypal account, only if there is a 2 character spelling error OR for legal reasons eg marriage.
Advice is voluntary.
Kudos / Solution appreciated.
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- Can Volunteers Run a Business/Nonprofit Profile? in Reporting Archives
- Zettle refunds and Zettle vs Here in Merchant Products and Services Archives
- 7hq6Gst in Reporting Archives
- Buyer cancelled pending payment just after i posted the package. in Managing Risk and Fraud Archives
- How do we set up a staff account on Zettle or Paypal Here in Merchant Products and Services Archives